Wealth Management
Top stories summarized by our editors
9/17/2018

Columnist Maryalene LaPonsie discusses some of the lesser-known benefits of 401(k) retirement plan. Among them, she notes that Roth 401(k)s don't have an income limit, there are possibilities for after-tax contributions, and the plans must comply with the Employee Retirement Income Security Act.

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Maryalene LaPonsie
9/17/2018

Advisors must update financial-planning services to deal with digital assets, such as passwords and online accounts, writes Jeffrey Levine, CEO of BluePrint Wealth Alliance. He suggests that advisors have clients inventory digital assets and that advisors become up to date on rules on digital assets in a client's home state.

9/17/2018

Students at the University of New South Wales have established the Australian Students Asset Management, a hedge fund that will work in collaboration with other universities, with the assistance of AIMA Australia General Manager Michael Gallagher. The key purpose of the fund, along with performance, is to offer a realistic experience that helps bring students into the industry, Gallagher said.

9/17/2018

Data compiled by Morgan Stanley indicate a reduced risk appetite for US stocks among hedge funds, whose net leverage has dropped to its lowest point so far in this year. The ratio experienced a late-August increase but has declined to 49%, compared with its 2018 high of more than 60% in March.

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Morgan Stanley
9/17/2018

A Preqin survey found allocations to alternative investments likely to expand in the next 12 months, with infrastructure the area in highest demand.

9/17/2018

A survey conducted by East & Partners for HSBC Holdings found two-thirds of institutional investor respondents have environmental, social and governance polices in effect, while about half of companies in the survey said they have ESG policies. Just 10% of the survey's 1,731 respondents, however, said they know of ESG-reporting guidelines set by the Task Force on Climate-related Financial Disclosures.

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ESG, HSBC Holdings
9/17/2018

The Insured Retirement Institute will work to have provisions to give Americans greater access to guaranteed lifetime income added to the retirement legislation passed by the House Ways and Means Committee, said Cathy Weatherford, IRI's president and CEO. "We should not miss this opportunity to do more to significantly boost retirement security," she said.

9/17/2018

The increased contributions made by defined-benefit pension plans to take advantage of a recent tax incentive have brought many plans closer to shifting their pension liabilities to group annuities, says Bruce Cadenhead, vice chairman of the American Academy of Actuaries' pension committee. "A lot of pension plans have been frozen in recent years, so for many plan sponsors, if the plan is frozen, then you're thinking about, 'How can I terminate the plan, buy annuities and just be done with this obligation?' " he notes.

9/17/2018

A subsidiary of Genworth Financial is asking holders of its senior notes for permission to change the terms of the note. The company wants to add Genworth Life Insurance and Annuity Co. to a list of entities for which a regulatory action would not be counted as default event.

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Genworth Financial
9/17/2018

The stock market crash of 2008 changed the way people invest, experts say. Investors now put more money into bonds and index funds and less into actively managed funds, while fees on most investments have dropped

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The Associated Press